Like most business leaders, you focus on your core competencies, and technology’s place is to make you better at doing the business of your business.
If technology is not your business, you may struggle to find the right mix of technology to help run their business while being mindful of costs, overall efficiency, and profitability. Typically, your staff will make recommendations as to what technologies to use. They will often recommend something they used at a previous job or something they saw at a trade show. Going down this path, you might get as many recommendations as you have people, and few if any of those recommendations would address the needs and considerations of your entire business.
When it comes to technology, most SMBs fail, not with the individual technologies they buy, but with the overall approach to investing in technology.
Imagine if each of your departments could select their own accounting software and their own commercial bank. Or if each employee was free to choose their own corporate cell phone plan or the make and model of their own company vehicle. Letting each department pick its own technology will have a similar result: costs, efficiency, and profitability would go out the window.
Modern businesses focus on aligning technology with business goals and leveraging the right mix of technologies to bring all your departments together, decreasing costs while increasing efficiency and profitability.
Technology is an investment, and like all investments, you should be expecting a return.
Join our Webinar on Decreasing IT Spend & Increasing ROI on Technology. Please register today to view it live on October 7, 2020, at 1:30 PM Central Time or view it any time after with the same link.
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The Isidore Group
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